Shares of Urban Outfitters (NASDAQ: URBN) skyrocketed over 18% in premarket trading after the apparel retailer delivered a stunning first-quarter earnings beat, outperforming analyst expectations while dismissing concerns about retail demand slowdown plaguing other major retailers. The company’s strong Q1 results paint a stark contrast to the wider retail industry’s cautious outlook. Urban Outfitters reported adjusted earnings per share of $1.16, exceeding analysts’ estimates of $0.82 and representing a remarkable 39.56% earnings surprise. Revenue climbed 10.7% year-over-year to $1.33 billion, surpassing the $1.29 billion estimate from analysts surveyed by FactSet.